Moody Downgrade Adds Pressure on U.S. Debt Deal - Bloomberg

Moody’s Investors Service raised the
pressure on U.S. lawmakers to increase the government’s $14.3
trillion debt limit by placing the nation’s credit rating under
review for a downgrade.

The U.S., rated Aaa since 1917, was put on review for the
first time since 1995 on concern the debt threshold will not be
raised in time to prevent a missed payment of interest or
principal on outstanding bonds and notes even though the risk
remains low, Moody’s said in a statement yesterday. The rating
would likely be reduced to the Aa range and there is no
assurance that Moody’s would return its top rating even if a
default is quickly cured.